#2 - Air Products and Chemicals (NYSE:APD)
Air Products and Chemicals Inc. (NYSE: APD) is a key player in the Basic Materials sector and, specifically, in the area of industrial gases. The company is one of the leaders in the worldwide transition away from fossil fuels. For example, it has invested billions in scaling clean hydrogen production. Another example is the company's synthetic gas (syngas) solutions, which include its recent $1 billion acquisition of a natural gas-to-syngas processing facility in Uzbekistan.
Air Products is projecting 9.13% earnings growth, and although the consensus of the analyst ratings on MarketBeat put a Hold rating on the stock, it's projected to grow 24% in the next 12 months. To that end, the stock is trading below its 50- and 200-day moving averages and looks oversold.
Plus, APD stock trades at 18x forward earnings, which is below the sector average of 24.8x for the industrial gases sector. And Air Products is nearing Dividend King status. The company has increased its dividend for 49 consecutive years. The company's dividend currently has a 3.09% yield and pays $7 per share annually.
About Air Products and Chemicals
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.
Read More - Current Price
- $291.84
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $331.53 (13.6% Upside)
